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WCT to acquire remaining 30% equity interest in Jelas Puri from EPF for RM140m

WCT to acquire remaining 30% equity interest in Jelas Puri from EPF for RM140m

news

Updated:
  • WCT Holdings will acquire the remaining 30% of Jelas Puri Sdn Bhd from EPF for RM140 mil.
  • This purchase gives WCT full ownership of the Paradigm Petaling Jaya project developer.
  • The acquisition offers WCT greater flexibility in managing JPSB, despite an expected pro forma net loss.
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CLMT fixes DRP issue price at 53.87 sen, announces Bursa approval for up to 170 mil new units

CLMT fixes DRP issue price at 53.87 sen, announces Bursa approval for up to 170 mil new units

news

Updated:
  • CapitaLand Malaysia Trust (CLMT) set its DRP issue price at 53.87 sen per unit.
  • This relates to its first income distribution for the six months ended June 30, 2026.
  • Unitholders can reinvest or receive cash, with new units listing on Sept 23.
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Singapore takes possession of Lee Kuan Yew's 38 Oxley Road home, public space options under study

Singapore takes possession of Lee Kuan Yew's 38 Oxley Road home, public space options under study

news

Updated:
  • The Singapore government has acquired 38 Oxley Road, Lee Kuan Yew's former home, for preservation.
  • The acquisition means the site cannot be redeveloped for residential, commercial or other private uses.
  • This ends a dispute over its future, prioritising heritage over redevelopment.
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Johor-Singapore SEZ master plan to be unveiled in December, says economy minister

Johor-Singapore SEZ master plan to be unveiled in December, says economy minister

news

Updated:
  • The Johor-Singapore Special Economic Zone (JS-SEZ) master plan launches in December.
  • Prime Ministers of Malaysia and Singapore will jointly launch it.
  • This plan aims to boost JS-SEZ as a regional investment hub.
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Eco-Shop faces lawsuit over alleged unauthorised demolition of Penang premises

Eco-Shop faces lawsuit over alleged unauthorised demolition of Penang premises

news

Updated:
  • Eco-Shop faces a lawsuit for alleged tenancy breaches and unauthorised demolition.
  • Property owners seek rebuilding, rent, and a RM20 mil security deposit.
  • They also claim over RM25 mil in various damages from Eco-Shop.
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Genting Plantations unit completes inaugural RM200m sukuk issuance for property development

Genting Plantations unit completes inaugural RM200m sukuk issuance for property development

news

Updated:
  • Genting Plantations issued RM200 mil in Sukuk Murabahah notes.
  • The funds will finance property development costs.
  • This is part of a larger RM2 bil programme.
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TA Global’s Lee Yen Foong on CloutHaus’ appeal to Singapore buyers

TA Global’s Lee Yen Foong on CloutHaus’ appeal to Singapore buyers

news

Updated:
  • TA Global showcased CloutHaus, a 615-unit luxury tower in KLCC, at an investor preview in Singapore.
  • Units range from 549 to 1,216 sq ft, priced from S$469,000.
  • The project is 40% sold, attracting diverse international buyers.
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Draft Real Property Development Act in final stage, says Nga

Draft Real Property Development Act in final stage, says Nga

news

Updated:
  • A proposed Real Property Development Act is in the final stage of drafting.
  • It will regulate commercial and residential projects.
  • Part of five housing reforms introduced to improve governance and transparency in the property sector.
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UM Land subsidiaries withdraw a challenge over seizure of 192 lots of land

UM Land subsidiaries withdraw a challenge over seizure of 192 lots of land

news

Updated:
  • UMLand subsidiaries withdrew their judicial review challenging a land seizure.
  • This withdrawal followed the Attorney General's Chambers lifting the seizure order.
  • The dispute involved a 2021 demerger exercise with Syed Mokhtar Al-Bukhary's companies.
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E&O, Majestic Gen propose RM189.9 mil acquisition of Jalan Kia Peng site for residential development

E&O, Majestic Gen propose RM189.9 mil acquisition of Jalan Kia Peng site for residential development

news

Updated:
  • E&O and Majestic Gen propose buying a prime KL site for RM189.9 mil.
  • This expands E&O's luxury residential landbank in Kuala Lumpur.
  • The site is planned for a high-rise residential development.
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WCT to acquire remaining 30% equity interest in Jelas Puri from EPF for RM140m